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Chalice Gold Mines Ltd.
Summary
| Project: | Pyramid Hill | |
|---|---|---|
| Deposit: | Karri | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/4/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-3-2020: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Karri deposit at the Pyramid Hill project. Re-assay results incl. 30m @ 1.12g/t Au from 80m. Chalice Gold Mines Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Frost (Internal) | |
| ABSTRACT: | Chalice Gold Mines Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) is pleased to report significant new drilling results from the Karri Target at its 100%-owned Pyramid Hill Gold Project, located in the Bendigo Region of Victoria. The greenfield Karri Target is located in the Bendigo Zone, 65km north-west of Bendigo (~22Moz Au), under 50-85m of Murray Basin cover. The new results follow the initial identification of the Karri gold trends under cover in late 2019 (refer ASX announcement on 12 December 2019). Chalice’s Managing Director, Alex Dorsch, said: “Our momentum in Victoria continues to build, with another round of exciting drill results. The potential for a high-grade gold system at Karri is now supported by the highest grade gold intercept from the project to date of 1m at 15.85g/t Au. This result is especially important as it lies at the centre of a new 4km long, continuous gold trend that is yet to be tested at depth. “We expected the likelihood of intersecting primary gold zones to increase as our air-core hole spacing progressively tightened up, given that primary gold zones in the Bendigo Zone are typically less than 15m wide. | |
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